{"id":203102,"date":"2022-04-05T12:45:00","date_gmt":"2022-04-05T12:45:00","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=203102"},"modified":"2022-04-05T12:45:00","modified_gmt":"2022-04-05T12:45:00","slug":"de-la-idee-la-bursa","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=203102","title":{"rendered":"De la idee la burs\u0103"},"content":{"rendered":"<p>\n<strong>Pia\u0163a local\u0103 de capital a \u00eenregistrat anul trecut un num\u0103r record de list\u0103ri de ac\u0163iuni \u015fi obliga\u0163iuni, \u00eens\u0103 2022 contureaz\u0103 deja o \u00eencetinire a ritmului adoptat anul trecut. Cum poate evolua bursa \u00eentr-un context limitat de infla\u0163ie, incertitudini la nivel geopolitic \u015fi \u00een\u0103sprirea politicilor monetare? Ideile vin chiar de la cei care v\u0103d \u00een Burs\u0103 o oportunitate de cre\u015ftere.<\/strong><\/p>\n<p>\n&nbsp;<\/p>\n<p>\nDe-a lungul timpului, Impetum Group, care reune\u015fte brandurile CITR, ROCA \u015fi Roca X, s-a concentrat asupra eforturilor de maximizare a valorii de business \u00een diferite etape de dezvoltare din cadrul companiilor, \u00eens\u0103 compania lucreaz\u0103 \u00een prezent la un juc\u0103tor institu\u0163ional care, conform CEO-ului Andrei Cionca, ar putea schimba pia\u0163a local\u0103 de pre-IPO (initial public offering \u2013 ofert\u0103 public\u0103 ini\u0163ial\u0103, realizat\u0103 \u00een vederea list\u0103rii la Burs\u0103).<\/p>\n<p>\n\u00cen prezent, CITR este liderul pie\u0163ei de insolven\u0163\u0103 din Rom\u00e2nia, \u00een vreme ce divizia de private, ROCA, se adreseaz\u0103 IMM-urilor rom\u00e2ne\u015fti cu poten\u0163ial, dar care se afl\u0103 \u00een dificultate financiar\u0103, iar instrumentul investi\u0163ional ROCA X \u00ee\u015fi \u00eendreapt\u0103 aten\u0163ia asupra afacerilor disruptive la \u00eenceput de drum. \u201eDe c\u00e2nd am \u00eenceput, \u00een 2000, visul meu a fost s\u0103 am o companie listat\u0103. Cu certitudine vom aduce c\u00e2t mai multe companii pe pia\u0163a de la Bucure\u015fti (&#8230;) Momentan preg\u0103tim un juc\u0103tor institu\u0163ional care se va adresa pie\u0163ei de pre-IPO, adic\u0103 societ\u0103\u0163i care se preg\u0103tesc s\u0103 vin\u0103 la Burs\u0103. \u00cel vom anun\u0163a \u00eentr-o perioad\u0103 foarte scurt\u0103. Cred c\u0103 acest juc\u0103tor va avea un rol extrem de important \u00een maturizarea pie\u0163ei\u201d, a spus Andrei Cionca la ZF Romanian Capital Market Summit 2022. IPO-ul reprezint\u0103 una dintre cele mai populare modalit\u0103\u0163i de listare la Burs\u0103 \u015fi de a str\u00e2nge, \u00eentre timp, capital.<\/p>\n<p>\nEste un proces multidimensional care se adreseaz\u0103 unui num\u0103r de peste 150 de investitori, at\u00e2t de retail, c\u00e2t \u015fi institu\u0163ionali, care inten\u0163ioneaz\u0103 s\u0103 cumpere o anumit\u0103 participa\u0163ie, explic\u0103 Bursa de Valori Bucure\u015fti. Andrei Cionca este de p\u0103rere c\u0103, \u00een prezent, exist\u0103 multe companii care ar merita s\u0103 debuteze pe pia\u0163a local\u0103 de capital, dar care, deocamdat\u0103, \u00eenc\u0103 nu au decis s\u0103 se \u00eendrepte spre Burs\u0103. \u201eAvem discu\u0163ii cu foarte mul\u0163i antreprenori rom\u00e2ni \u00een aceast\u0103 \u00eencercare de a vedea care este limita. De multe ori nu este o problem\u0103 de lips\u0103 de transparen\u0163\u0103. De aici am plecat \u2013 mul\u0163i antreprenori se comport\u0103 cu aceste companii ca \u015fi cum ar fi propriul lor buzunar \u015fi atunci evident c\u0103 este o problem\u0103 de transparen\u0163\u0103, adic\u0103 s\u0103 fac ce vreau \u00een propria mea companie, f\u0103r\u0103 s\u0103 dau socoteal\u0103 \u015fi altora.\u201d<\/p>\n<p>\nDup\u0103 un plasament privat \u00eencheiat \u00een luna decembrie a anului trecut, ROCA Industry, holding care reune\u015fte produc\u0103torii de materiale de construc\u0163ii din portofoliul platformei de investi\u0163ii ROCA Investments, a debutat la \u00eenceput de 2022 pe pia\u0163a AeRO a Bursei de Valori Bucure\u015fti. Prin plasament au fost atra\u015fi de la investitori 50 de milioane de lei, iar compania \u00eenregistra recent o valoare de pia\u0163\u0103 de aproape 180 de milioane de lei. Totu\u015fi, CEO-ul Impetum subliniaz\u0103 faptul c\u0103, de multe ori, antreprenorii nu cunosc beneficiile pe care le implic\u0103 listarea la Burs\u0103. \u201e\u00cen cadrul proiectului Confidex am pus aceast\u0103 \u00eentrebare: c\u00e2\u0163i dintre antreprenorii rom\u00e2ni \u015ftiu \u00een mod real ce \u00eenseamn\u0103 s\u0103 fii listat la BVB? Am fost foarte surprins s\u0103 v\u0103d c\u0103 mul\u0163i dintre ei nu \u015ftiu, de fapt, ce \u00eenseamn\u0103 asta. Refuz\u0103 s\u0103 acceseze nu neap\u0103rat din cauza barierei de transparen\u0163\u0103, finan\u0163are, subevaluare, ci pentru c\u0103 pur \u015fi simplu nu cunosc aceste mecanisme ale Bursei\u201d, adaug\u0103 Andrei Cionca. Confidex este un proiect al grupului Impetum care analizeaz\u0103 \u00eencrederea \u00een economie \u00een vreme de criz\u0103. Un studiu realizat de Confidex la jum\u0103tatea lunii februarie arat\u0103, de altfel, c\u0103 managerii se a\u015fteapt\u0103 la o revenire la nivelul antepandemic \u00een vara acestui an. \u00cen aceea\u015fi not\u0103, holdingul ROCA Industry vrea s\u0103 mai includ\u0103 \u00een portofoliu dou\u0103-trei companii p\u00e2n\u0103 la final de 2022.<\/p>\n<p>\n\u201eU\u015for, lucrurile se vor a\u015feza din punct de vedere al comportamentului \u015fi modului \u00een care reac\u0163ion\u0103m la evenimentele din cadrul companiilor. \u00cencet, vor ap\u0103rea \u00een pia\u0163a care se formeaz\u0103 acum ni\u015fte juc\u0103tori institu\u0163ionali care vor adresa aceast\u0103 pia\u0163\u0103 \u015fi vor ajuta companiile s\u0103 vin\u0103 la Burs\u0103, s\u0103 se listeze, s\u0103 \u00een\u0163eleag\u0103 mecanismele \u015fi rigorile pie\u0163ei de capital.\u201d Astfel, apari\u0163ia unor asemenea juc\u0103tori va gr\u0103bi maturizarea pie\u0163ei \u00een Rom\u00e2nia, criticat\u0103 \u00een repetate r\u00e2nduri pentru lipsa de educa\u0163ie financiar\u0103 de care d\u0103 dovad\u0103. \u201eAcest factor cantitativ, cu mul\u0163i investitori \u015fi companii, va dob\u00e2ndi \u00eencet ni\u015fte aspecte calitative \u015fi va duce \u00eencet la o dezvoltare exponen\u0163ial\u0103 a pie\u0163ei de capital\u201d, a declarat Andrei Cionca pentru BM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pia\u0163a local\u0103 de capital a \u00eenregistrat anul trecut un num\u0103r record de list\u0103ri de ac\u0163iuni \u015fi obliga\u0163iuni, \u00eens\u0103 2022 contureaz\u0103 deja o \u00eencetinire a ritmului adoptat anul trecut. Cum poate evolua bursa \u00eentr-un context limitat de infla\u0163ie, incertitudini la nivel geopolitic \u015fi \u00een\u0103sprirea politicilor monetare? Ideile vin chiar de la cei care v\u0103d \u00een Burs\u0103 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510,512,7208],"tags":[255,7216,7633,7364],"class_list":["post-203102","post","type-post","status-publish","format-standard","hentry","category-actualitate","category-revista-bm","category-servicii-financiare","tag-antreprenori","tag-bursa","tag-investitori","tag-listare"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/203102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=203102"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/203102\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=203102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=203102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=203102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}